RBA Holds Cash Rate August 2018

rba

The Reserve Bank of Australia has today announced the official cash rate for August to remain at 1.50%. It is unchanged for a record breaking period – 24 months.

This should spells good news for property investors, considering the multitude of concerns around rising cost of borrowing, weakening market sentiments and tightening lending policies by banks.

However, if you are a non-resident borrower, this is confusing times when sourcing for a mortgage. You can equip yourself with the right advisers and partners, like us, who will take care of your Australia mortgage.